Federated Hermes Inc. Sells 2,310,871 Shares of Dominion Energy, Inc. (NYSE:D)

Federated Hermes Inc. lessened its position in shares of Dominion Energy, Inc. (NYSE:D) by 99.9% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,710 shares of the utilities provider’s stock after selling 2,310,871 shares during the period. Federated Hermes Inc.’s holdings in Dominion Energy were worth $92,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Cape Investment Advisory Inc. raised its stake in shares of Dominion Energy by 175.4% in the fourth quarter. Cape Investment Advisory Inc. now owns 471 shares of the utilities provider’s stock worth $25,000 after purchasing an additional 300 shares during the last quarter. BankPlus Trust Department purchased a new stake in Dominion Energy in the 4th quarter valued at $26,000. Roble Belko & Company Inc bought a new position in Dominion Energy during the 4th quarter valued at $27,000. Fairway Wealth LLC purchased a new position in Dominion Energy during the 4th quarter worth $27,000. Finally, CBIZ Investment Advisory Services LLC grew its stake in shares of Dominion Energy by 100.4% in the 4th quarter. CBIZ Investment Advisory Services LLC now owns 519 shares of the utilities provider’s stock worth $28,000 after acquiring an additional 260 shares in the last quarter. Institutional investors and hedge funds own 73.04% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have commented on D. Argus upgraded shares of Dominion Energy to a “hold” rating in a research note on Tuesday, March 25th. Morgan Stanley lifted their price target on Dominion Energy from $60.00 to $63.00 and gave the stock an “equal weight” rating in a report on Thursday, March 20th. UBS Group upped their price objective on Dominion Energy from $58.00 to $60.00 and gave the company a “neutral” rating in a research note on Friday, March 21st. Finally, JPMorgan Chase & Co. reiterated an “underweight” rating and set a $52.00 target price (down from $59.00) on shares of Dominion Energy in a research note on Tuesday, April 8th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, Dominion Energy currently has an average rating of “Hold” and a consensus price target of $57.00.

Dominion Energy Stock Performance

Shares of NYSE:D opened at $53.07 on Friday. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.58 and a current ratio of 0.74. The firm has a market cap of $45.22 billion, a PE ratio of 19.65, a price-to-earnings-growth ratio of 1.22 and a beta of 0.57. The firm’s 50 day simple moving average is $54.60 and its 200-day simple moving average is $55.66. Dominion Energy, Inc. has a one year low of $47.99 and a one year high of $61.97.

Dominion Energy (NYSE:D) last issued its quarterly earnings data on Wednesday, February 12th. The utilities provider reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.04. Dominion Energy had a net margin of 16.22% and a return on equity of 8.99%. As a group, equities analysts predict that Dominion Energy, Inc. will post 3.39 EPS for the current year.

Dominion Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Friday, February 28th were paid a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a yield of 5.03%. The ex-dividend date of this dividend was Friday, February 28th. Dominion Energy’s dividend payout ratio (DPR) is 98.89%.

Dominion Energy Profile

Dominion Energy, Inc produces and distributes energy in the United States. It operates through three operating segments: Dominion Energy Virginia, Dominion Energy South Carolina, and Contracted Energy. The Dominion Energy Virginia segment generates, transmits, and distributes regulated electricity to approximately 2.8 million residential, commercial, industrial, and governmental customers in Virginia and North Carolina.